ECONOMICS DIVISION FACULTY PROFILES
Dr. Blitz has over twenty years of research and business experience, with expertise in innovation, strategy, entrepreneurship, and economic development.
Throughout her career, Dr. Blitz has led major research initiatives for diverse organizations, including IBM, where she was the Global Lead for Strategy at the IBM Institute for Business Value and directed a series of studies on innovation; McKinsey & Co. where she helped launch a social networking site for management innovators; Harvard Business School, where she developed a series of studies on entrepreneurial strategy based on interviews with leading entrepreneurs and venture capitalists; Ernst & Young, where she co-authored a study on IPOs in the late 1990s that resulted in extensive new, ongoing consulting services; and a UN-affiliated NGO in the Philippines, where she helped launch a successful credit cooperative in a poor rural community.
Dr. Blitz has extensive consulting experience in areas related to strategy and thought leadership. Her work has been published as books and articles, and has been featured in Harvard Business Review, The New York Times, The Wall Street Journal, MSNBC, and other leading media outlets.
Barbara J. Alexander consults on intellectual property and antitrust. Her research, teaching, and litigation work focuses on patent infringement and price-fixing cases, as well as economic regulation and government procurement. Dr. Alexander received her Ph.D. from Harvard University’s Department of Economics and her Bachelor’s degree in Business from the University of Texas (Austin); her dissertation examined how bidding rules affected the vulnerability of Pentagon acquisitions to bidder collusion. Dr. Alexander’s litigation consulting includes the district court case involving Microsoft, in the late-1990s (on the side of the Department of Justice), merger cases, many price-fixing matters, and a variety of shareholder suits. Recent publications and research include examination of the impact of exchange rate instability on international cartels, and examination of the effect of bidding rules on efficiency of awards for highway contracts. Prior to earning her Ph.D., Dr. Alexander served as Chief of Research for the Texas Public Utility Commission.
- Adjunct Lecturer
Chartier has worked 21 years in banking within the financial services groups American Express, Dresdner Bank, and Bank of Boston (now Bank of America). His banking expertise ranges from credit analysis to domestic and cross-border lending, treasury sales, foreign exchange and interest risk hedging advisory services.
Frédéric has worked in a diverse cultural and geographic environment. As Director of Institutional Treasury sales at American Express Bank in London, his geographic customer base encompassed 15 countries spanning from Europe to the Middle East, and Africa. He has lived on 3 continents, Europe, North America, and Africa, and speaks 4 languages.
Born and raised in Paris, Frédéric received a B.B.A and an M.B.A from the University of Texas at Austin, and also holds a post-graduate degree in banking from the Centre d’Etudes Supérieures de Banque (C.E.S.B.) in Paris. He has been teaching Economics and Finance at Babson College since 2004. His main expertise focuses on Money & Banking and International Finance. Frédéric works in English, French and Spanish.
Dr. Simon is an education economist whose ongoing research concerns gender gaps in self-employment outcomes for U.S. Millennials, including monetary and non-monetary returns to education, occupational sorting, and implications for young families. Her work in this area, co-authored with Dr. Megan Way, has been published in the Journal of Family and Economic Issues and Gender in Management. Other current work concerns the association between business and entrepreneurship education and successful self-employment outcomes. A recent report funded by the Davis Educational Foundation and co-authored with Drs. Polutnik and Way explored cost containment strategies in higher education, their relationship to institutional mission, and the use of data-driven tools to improve decision making related to cost containment. Before joining Babson as full-time faculty, Dr. Simon taught economics at Boston University and on an adjunct basis at Babson College. Her past research and consulting experience focused on early literacy, effectiveness of STEM initiatives, cost-effectiveness in education, and development and fundraising in higher education. Dr. Simon earned her Ph.D. in economics and education from Columbia University in 2011. She is a graduate of Brandeis University’s B.A./M.A. program in economics, where she also earned a B.A. in Spanish Language and Literature.
- Visiting Assistant Professor
John Korsak received his BA in Economics and Philosophy from Boston College, his MA and PhD in Economics from Clark University. Korsak has worked as a comptroller in political campaigns and as a product marketing manager for an internet software company. He has been a featured speaker at Comnet, worked on a project to provide an online economics class for the Commonwealth of Virginia and has been a recurring panelist at the Colleges of the Fenway teach-in on global climate change. His fields of interest are poverty research, behavioral economics and statistical measurement. He has taught classes on Microeconomics, Macroeconomics, Game Theory, Statistics, Probability and the Economics of Everyday Life.
- Distinguished Chair in Swiss Economics
John E. Marthinsen is Professor of Economics and International Business at Babson College in Babson Park, MA, where he holds The Distinguished Chair in Swiss Economics. Dr. Marthinsen earned his Ph.D. from the University of Connecticut in Storrs, where he was awarded Phi Beta Kappa and Phi Kappa Phi academic honors. His teaching and research focus on the areas of International Macroeconomics, Risk Management, and International Finance, which he teaches at the graduate (MBA), undergraduate, and executive education levels. John Marthinsen was Chairman of Babson College’s Economics Division from 1992 to 1998 and, while at Babson, was inducted in the Golden Key Honor Society. He has won multiple teaching awards and is the author of numerous articles and books. Among his most recent books are Demystifying Global Macroeconomics (Walter de Gruyter, Inc.; forthcoming in 2019; ); "Risk Takers: Uses and Abuses of Financial Derivatives: Third Edition (DE G Publishers (Walter de Gruyter, Inc.; 2018), International Macroeconomics for Business and Political Leaders (Routledge: Taylor & Francis, 2017), Managing in a Global Economy: Demystifying International Macroeconomics: Second edition (Cengage, 2015), Swiss Finance: Capital Markets, Banking, and the Swiss Value Chain – co-authored with Henri Meier and Pascal Gantenbein (John Wiley & Sons, 2013), and.
Dr. Marthinsen also has extensive consulting experience, working for both domestic and international companies, as well as the U.S. government. He has served on the United Nations Association’s Economic Policy Council and lectured at the Universities of Bern and Basel in Switzerland as well as the University of Nürnberg in Germany. From 2000 to 2009, John Marthinsen was a member of the Board of Directors of Givaudan SA, a Swiss-based flavors and fragrances company, where he served as Chairman of the Finance and Investment Committee and member of the Strategy, Governance, and Audit Committees.
- Associate Professor
Dr. Ricciardi has taught in the economics department, the Institute for Latin American Studies at the University of Texas, the Universidad Centroamericana in Nicaragua, and the Instituto de Estudios Superiores de Administracion in Venezuela. His research interests include monetary economics, the history of economic thought, and Latin American economic development. He has worked as a research economist in Peru, Central America, and Venezuela, and he served as an adviser to the Central Bank of Nicaragua. During 1990-1991, Dr. Ricciardi conducted research as a William R. Dill International Faculty Fellow and Fulbright Scholar to Venezuela on the financial determinations of the emerging crisis in Venezuelan petroleum-led growth.
- Assistant Professor
Josh Staveley-O'Carroll completed his Ph.D. at Georgetown University in 2012. Before joining Babson College as an assistant professor in 2015, he worked at the University of Richmond, Lander University, and the College of William and Mary. His research focuses on International Portfolio Holdings, Pension Systems, Financial Regulation, and International Shock Transmission; he is also interested the development and evaluation of economic pedagogy. He has taught Microeconomic Principles, Environmental Economics, Business Statistics, Microeconomic Theory, Macroeconomic Theory, Money, Banking, and the Economy, and International Finance. He teaches in the undergraduate and graduate programs.
- Assistant Professor
Josh Stillwagon was born and raised in the seacoast area of New Hampshire. He obtained a B.S., M.A., and Ph.D. in economics at the University of New Hampshire in 2005, 2008, and 2013 respectively. His research has been published in the Oxford Bulletin of Economics and Statistics; Journal of Economic Behavior & Organization; Journal of International Money & Finance; Macroeconomic Dynamics (Cambridge University Press); and New England Economic Indicators (Federal Reserve Bank of Boston), among others (see CV for complete listing).
His research focuses primarily on international finance and financial economics; examining empirically the determinants of exchange rates, interest rates, and equity prices. In particular, his work relies on two complementary approaches. The first is using data on traders' asset price forecasts to better assess how they forecast and evaluate risk. The second is to use more advanced statistical techniques allowing for big data, non-linear and feedback effects, and changing relationships over time. This work is being done in conjunction with the Imperfect Knowledge Economics (IKE) program of the Institute for New Economic Thinking (INET).
The empirical dimension of his research guides his teaching philosophy as well; striving to relate theory to real world data and illustrating abstract concepts through historical examples.
Before coming to Babson, Josh was an assistant professor at Trinity College in Hartford, CT and a lecturer at the University of Copenhagen and the University of New Hampshire. In 2009, Josh served as a consultant on the state budget to the N.H. state senate finance committee, providing revenue forecasts and cost analysis. He has also conducted research for the Federal Reserve Bank of Boston on the employment and innovation impacts of state-level energy policies.
- Associate Professor
Dr. Kankana Mukherjee teaches Managerial Economics and Business Strategy and Game Theory in the MBA program and Managerial Economics and Industrial Organization in the undergraduate program. Before coming to Babson, she has taught at Worcester Polytechnic Institute, University of Connecticut, and Clarkson University.
Dr. Mukherjee’s principal research interest is in the area of productivity and efficiency analysis. Her research is empirical in nature and utilizes Data Envelopment Analysis, econometrics, and statistics. She has applied her research to several industries including the banking industry, manufacturing sector, health care industry, and energy. Her research has been published in several leading economics and operations research journals such as the Economic Journal, Journal of Banking and Finance, Journal of Productivity Analysis, European Journal of Operational Research, Empirical Economics, International Journal of Production Economics, Manchester School, Medical Care Research and Review, Journal of Quantitative Economics, Energy Economics, Energy Policy, Journal of Risk and Insurance, Health Care Management Science, Indian Economic Review, and Data Envelopment Analysis Journal among others.
Dr. Jones began his career at Babson College in 1982, and is now Professor of Economics and a Babson Research Scholar. He has also served as a Visiting Professor at Brandeis University, Tufts/Fletcher School, and the University of Innsbruck, Austria. He specializes in trade policy and institutional issues, particularly those focusing on the World Trade Organization. Most recently, his research has dealt with the evolution of regional trade agreements and trade policies of countries such as the UK (Brexit) and Cuba. Dr. Jones began his international education at the Bundesrealgymnasium Leibnitz, Austria, as a foreign exchange student. He later graduated Phi Beta Kappa from Oberlin College, having also studied at the University of Bonn, Germany as an International Rotary Scholar. In addition, he holds master's degrees from the Fletcher School/Tufts University and the Graduate Institute of International Studies in Geneva, Switzerland, and received his doctorate in international economics from the University of Geneva in 1981. In addition to his academic career, Dr. Jones has served as a consultant to the National Science Foundation and the International Labor Office and as a research associate at the U.S. International Trade Commission, and also served as senior economist for trade policy at the U.S. Department of State. Dr. Jones is the author of numerous articles and five books, including Politics vs. Economics in World Steel Trade (1986), Export Restraint and the New Protectionism (1994), Who’s Afraid of the WTO? (2004), The Doha Blues (2009) and most recently, Reconstructing the WTO for the 21st Century (2015). He is the father of two daughters and pursues extracurricular interests in music, choral singing, literature and travel.
Dr. Lidija Polutnik is a Professor of Economics. At Babson she teaches mainly in the MBA program in the area of managerial economics, pricing and competitiveness. Since the Fall 2014 she is also a Visiting Professor at the School of Business, Economics and Law at the University of Gothenburg, Sweden.
Dr. Polutnik's research and consulting work has mostly been focused on pricing, revenue management and strategic cost management. Her work in this area is based on the analysis of the relationship between the firm's costs and customers' value and the influence of this relationship on the firm's profit. Dr. Polutnik also conducts research in public finance and examines the role institutions play in market economies and specifically in countries in transition. Dr. Polutnik's work has been published in numerous academic journals and books including: The European Accounting Review, Advances in Management Accounting, Journal of Cost Management, Journal of Corporate Accounting and Finance, Industrial Relations Journal, and Comparative Economic Studies Journal. She has received several grants and awards for her work; most recently she received The Davis Educational Foundation grant for the project entitled "Containing Costs While Enhancing the Educational Mission: A Study of Best Practices for Small Private Colleges".
Dr. Polutnik has extensive consulting and executive teaching experience and has developed and delivered customized corporate training programs for many multinational companies in the area of tactical and strategic pricing, customer value, cost, and profitability analysis. She regularly teaches in the Executive MBA Program at the University of Bologna, Italy.
- Associate Professor
Dr. Megan Way is an Associate Professor and Chair of the Economics Division. She teaches graduate Managerial Economics and undergraduate Principles of Microeconomics and Economics of Labor Markets. Her research spans several areas, including family economics and intergenerational financial transfers, gender differences in returns to entrepreneurial activity, and cost-containment in higher education. Other research interests include immigration/migration, remittances and international business networks. Professor Way has also participated in a Boston College study group on economics and evolutionary biology, examining how evolutionary forces may drive preference formation.
Prior to going to graduate school, Professor Way spent 8 years as a marketing professional in the software industry, working for Open Environment Corporation, WebSpective Software and Inktomi Corporation. Her work experience includes growing an internet start-up company from the founding stages to maturity, forming international channels partnerships, and coordinating national and international product marketing strategies. She also spent two years teaching in the IDEOR MBA program in Cordoba, Spain.
- Associate Professor
Dr. McAuliffe has taught at the University of Virginia, the University of Delaware, and Pacifico University in Peru. His research and teaching interests are in macroeconomics, monetary theory, and industrial organization. He is the author of Advertising, Competition, and Public Policy and is the contributing editor for the Wiley Encyclopedia of Managerial Economics.
- Associate Professor
- Babson Research Scholar
Yunwei Gai received his Ph.D. degree in Economics from the Florida State University. He has a B.S. degree in International Trade from Wuhan University, China. In his Ph.D. dissertation, he investigated hospital market power and its impact on hospital prices as a result of merger activities. Dr. Gai's primary research interests are in the areas of Applied Econometrics and Health Economics. His work has been published in Health Economics, American Journal of Hypertension, Atlantic Economic Journal, Journal of Derivatives and Hedge Funds, and Health Financing Revisited: A Practitioner's Guide published by the World Bank and other academic journals. He is referee for many academic journals and conferences including Small Business Economics Journal, Entrepreneurship Theory and Practice, American Journal of Public Health, American Journal of Hypertension, and the World Congress on Health Economics.
Dr. Gai’s current research focuses on insurance gaps and chronic condition management; impacts of health insurance on entrepreneurship activities; and the importance of preventative health care. In addition to continuing his work in health care, he is also interested in the application of healthcare Econometrics models in entrepreneurial activities, international trade and financial markets such as using survival models to analyze financing options and business performance.
Dr. Gai teaches courses at the undergraduate and graduate level at Babson College. His recent courses are Industrial Organization and Public Policy, Managerial Economics, Econometrics, Customer Markets and Marketing (MBA), Economic and Financial Forecasting (MBA), and Health Economics (MBA).